On January 2, 2020, Sweet Acacia Company acquired 90% of the outstanding common stock of Indigo Company for $567,000 cash. Just before the acquisition, the balance sheets of the two companies were as follows: Cash Accounts Receivable (net) Inventory Plant and Equipment (net) Land Total Assets Accounts Payable Mortgage Payable Common Stock, $2 par value Other Contributed Capital Retained Earnings Total Equities Sweet Acacia $680,000 400,000 285,000 950,000 155,000 $2,470,000 $316,000 190,000 1,035,000 580,000 349,000 $2,470,000 Indigo $205,000 52,000 192,000 250,000 92,000 $791,000 $118,000 135,000 200,000 60,000 278,000 $2,470,000 The fair values of Indigo's assets and liabilities are equal to their book values with the exception of land. Prepare Consolidated Balance Sheet January 2, 2020